Mergers & Acquisitions ·
Medalist Diversified closes on $5.4M acquisition of automotive service property in Aubrey, Texas
MDRRMedalist Diversified, Inc.
Medalist Diversified, Inc. closed on the acquisition of a property located at 8600 Highway 377 in Aubrey, Texas, for $5,404,864. The asset consists of approximately 1.653 acres and a 15,118-square-foot automotive service building housing a Caliber Collision Center. The transaction was funded using the company's cash on hand and executed through a Delaware statutory trust (DST). The company intends to offer beneficial interests in the DST to accredited investors via a private placement under Regulation D, with proceeds designated to redeem the company’s beneficial interests for cash. This real estate investment supports Medalist Diversified, Inc.'s business model of acquiring and holding commercial properties.